- 0
- 1
- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
No HOA
Street View
Listed by: Joanne Soderlind (360) 461-7052 , Rod Dirks (360) 468-1533 | Ideal Real Estate (360) 504-3200
$2,949,950
Monthly Est:$14,683
24 Beds
14 Baths
9,612sqft
2938 E Walnut St, Port Angeles, WA 98362
$2,949,950
$14,683/moEst:
Get Pre-Approved
Multi Family
Built in 1972
$-- HOA
35,683 sqft lot
$307/sq.ft
Description
Turnkey multifamily investment opportunity in Port Angeles — 14 units across two tax parcels, 100% leased with zero vacancies, delivering immediate cash flow from day one. The 12-unit apartment building has had 8 of the units fully refreshed throughout, updated and move-in ready. A brand new roof was installed in 2024, protecting your investment from day one. A second parcel adds a single-family home and single-wide manufactured home, rounding out a diversified income portfolio. Several units are currently below market rent, offering strong upside potential through natural turnover — ideal for investors seeking a value-add play or 1031 exchange opportunity. The second parcel also carries potential for up to 7 additional units, subject to buyer verification with Clallam County, making this a compelling development opportunity in a supply-constrained market. Located in the heart of Port Angeles — gateway to Olympic National Park, minutes from the Strait of Juan de Fuca waterfront, downtown dining, and the Coho Ferry to Victoria, BC. Strong rental demand driven by tourism, healthcare, and a growing remote workforce makes this a high-visibility rental market with lasting fundamentals. Stabilized asset. Fully occupied. Renovation complete. Room to grow.
- Houzeo last checked: 12 hours ago
- Listing updated: September 21, 2026 at 4:31 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2535283
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1972
HOA Fees
-
Finished Area
9,612 sqft
Lot Size
35,683 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2535283
MLS Status
Active
Days on Market
120
Cumulative Days on Market
119
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Download App
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 24
Bathrooms: 14
Interior
Exterior Features
Wood Products
Heating
Baseboard
Sewer
Sewer Connected
Cooling
None
Flooring
Vinyl Plank
Construction
Year Built
Year Built: 1972
Home type
Multi Family
Construction Materials
Wood
Foundation Details
Concrete Ribbon
Property Condition
Updated/remodeled
Roof
Composition
Utilities & Energy
Water Source
Public
Other Features
Subdivision Name
Northeast Port Angeles
Price History
| Date | Event | Price |
|---|---|---|
06/05/2026 Source: | Listed for Sale | $2,949,950 $307/sqft |
Find Homes by Property Features in Port Angeles, WA
Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
Advertising Broker: Christy Lee-Naumann (267) 341-8337 | Houzeo Brokerage LLC